Grasim Industries (OTCMKTS:GRSXY – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $6.07 billion for the quarter. Grasim Industries had a return on equity of 6.56% and a net margin of 3.04%.
Grasim Industries Price Performance
Shares of GRSXY remained flat at $31.00 during trading hours on Friday. Grasim Industries has a 1-year low of $19.61 and a 1-year high of $31.00. The firm has a market cap of $21.10 billion, a PE ratio of 34.07 and a beta of -0.32. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.92. The stock’s 50-day moving average is $26.79 and its 200-day moving average is $21.38.
Grasim Industries Company Profile
Grasim Industries is an India-based diversified company and a flagship business of the Aditya Birla Group. Founded in 1947 as a textile manufacturer, it has expanded into several industrial and consumer-facing businesses. The company is a major producer of cellulosic fibers, including viscose staple fiber, and manufactures chemicals such as caustic soda and chlorine. Its broader portfolio includes building materials through its association with UltraTech Cement, paints under the Birla Opus brand, and financial services through Aditya Birla Capital.
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